For African countries, adopting AI has enormous potential to fuel growth, solve urgent problems, and usher in a new age of prosperity. However, AI adoption is complicated, necessitating preparation in various dimensions. The International Monetary Fund (IMF) highlights four critical areas for AI readiness: digital infrastructure, innovation and economic integration, human capital and labor market policy, and regulation and ethics. African countries must emphasize research and development (R&D) by assisting startups, sponsoring AI-specific research, and fostering collaboration between universities and businesses. Furthermore, a strong digital infrastructure is essential for any AI-powered economy. This includes dependable internet access, fast connection, cloud computing capabilities, and modern data centers.

BUSINESS INSIDER



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